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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1710 Southern Ave Mesa, AZ 85202-4800

    • Strip malls
    • 12,010 SF
    • 2.67 lot acres
    OFF-MARKET
    Last Sale
    Aug 11, 2022
    Value Estimations
    $2,280,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1359351
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Cheba Hut Toasted Subs / Sandwich Shop / American Restaurant
    • Conley Scott P MD / Doctor
    • Melbye Sandra L / Nursing Agency
    • Nueman Elayne M / Nursing Agency
    • Advanced Medical Specialist / Medical Clinic

    Property Details for 1710 Southern Ave

    Year built
    1980
    Construction
    CONCRETE
    Lot size
    2.67 lot acres
    Property size
    12,010 SF
    Zone code
    LC
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    305-06-002K
    APU
    30506002K

    Description

    Fiesta Square, located at 1710 W Southern Ave, Mesa, AZ 85202, offers a prime retail opportunity in a high-traffic area. This multi-tenant property totals 5,569 square feet, with 4,222 square feet currently available for lease. The available space is ideal for a variety of retail uses, benefiting from its excellent visibility and location. Situated at the northeast corner of Southern Avenue and Dobson Road in Maricopa County, the property enjoys exceptional exposure. The center is directly across from Banner Desert Hospital, a significant medical facility, and the Fiesta Mall redevelopment project, ensuring a substantial daytime population and strong potential customer base. This location offers an underserved market for restaurants and other retail businesses. The property benefits from convenient access to major transportation arteries, including the US-60 and AZ-101 Loop Freeways, enhancing accessibility for both customers and employees. High traffic counts are a key advantage, with Southern Avenue boasting 23,827 vehicles per day and the Superstition Freeway recording 249,252 vehicles per day. Monument signage is available, providing excellent branding opportunities. One available suite, C2, comprises 1,347 square feet. This presents a compelling opportunity for businesses seeking high visibility and a strategic location within a thriving community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,279,000
      Market price range: $1.19M - $2.28M
      AI Estimate
      $2,279,000
      Market price range: $1.19M - $2.28M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,615,000
      Current use
      RETAIL STORES
      $3,150,000
      Change: +95% Conversion: Easy
      MEDICAL BUILDING
      $3,145,000
      Change: +95% Conversion: Difficult
      OFFICE BUILDING
      $2,070,000
      Change: +28% Conversion: Moderate
      WAREHOUSE, STORAGE
      $2,030,000
      Change: +26% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.868
    Latitude
    33.3936
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $45,890
    $0.00
    $0.00
    $626,977
    -
    $1,617,200
    $2,182,661
    $3,799,861

    Comparable in this City

    • Value Estimation
      $1,140,000
      6,000 SF

      1960 Baseline Rd

      SHOPPING CENTER, STRIP CENTER • 6,000 SF
      1960 Baseline Rd, Mesa, AZ 85202-9017
      View Details
    • Value Estimation
      $2,215,000
      16,200 SF

      1840 Southern Ave

      SHOPPING CENTER, STRIP CENTER • 16,200 SF
      1840 Southern Ave, Mesa, AZ 85202-4835
      View Details
    • Value Estimation
      $3,970,000
      20,928 SF

      111 Dobson Rd

      SHOPPING CENTER, STRIP CENTER • 20,928 SF
      111 Dobson Rd, Mesa, AZ 85202-1089
      View Details
    • Value Estimation
      $1,140,000
      6,000 SF

      1309 Guadalupe Rd

      SHOPPING CENTER, STRIP CENTER • 6,000 SF
      1309 Guadalupe Rd, Mesa, AZ 85202-9112
      View Details
    • Value Estimation
      $1,675,000
      11,808 SF

      1245 Baseline Rd

      SHOPPING CENTER, STRIP CENTER • 11,808 SF
      1245 Baseline Rd, Mesa, AZ 85202-5824
      View Details
    • Value Estimation
      $2,260,000
      22,736 SF

      1457 Southern Ave, Unit D2

      SHOPPING CENTER, STRIP CENTER • 22,736 SF
      1457 Southern Ave, Mesa, AZ 85202-4813
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,046 SF

      Mesa Retail Property For Sale

      Retail property for sale with high traffic volume and income.
      1761 W Baseline Rd, Mesa, AZ 85202
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      4,000 SF

      Freestanding Retail Building in Mesa

      Retail building for sale, lease, or ground lease in Mesa.
      20 South Dobson Rd, Mesa, AZ 85202
      View Details
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      4,193 SF

      Freestanding Drive-Thru Building in Mesa

      4,193 SF drive-thru available for lease, ground lease, or sale.
      1440 West Southern Ave, Mesa, AZ 85202
      View Details
    • $1,625,000
      2,476 SF

      Mesa Property Ready For Occupancy

      2,476 SF property zoned for childcare use in Mesa.
      1130 S San Jose, Mesa, AZ 85202
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    Similar Nearby for Lease

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      1,492 SF

      Mesa Retail Space For Lease

      Retail space in Mesa, Arizona with high traffic and visibility.
      1859 W Guadalupe Rd, Mesa, AZ 85202
      View Details
    • Contact for pricing
      50,000 SF

      Retail Space in Asian District

      Retail spaces available in Mesa's vibrant Asian District.
      1920 W Broadway Rd, Mesa, AZ 85202
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      19,600 SF

      Mesa Retail Center - Prime Location

      1,750 SF Available, High Visibility
      1911 Broadway Rd, Mesa, AZ 85202
      View Details
    • Contact for pricing
      15,537 SF

      Fiesta Village Retail Center

      Mesa, AZ Retail Space Available
      1240 Southern Ave, Mesa, AZ 85202
      View Details
    • Contact for pricing
      1,281 SF

      Mesa Retail Space for Lease

      Retail space in Mesa, Arizona with high traffic and visibility.
      1837-1941 W Guadalupe Rd, Mesa, AZ 85202
      View Details
    • Contact for pricing
      1,125 SF

      Retail Space in Mesa Center

      Multiple shops available in a busy Mesa, Arizona location.
      2635-2665 E Broadway Rd, Mesa, AZ 85202
      View Details
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    1710 Southern Ave
    Mesa, AZ 85202-4800
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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